Quest Partners LLC Purchases 471 Shares of Kura Sushi USA, Inc. (NASDAQ:KRUS)

Quest Partners LLC lifted its position in shares of Kura Sushi USA, Inc. (NASDAQ:KRUS) by 237.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 669 shares of the company’s stock after buying an additional 471 shares during the period. Quest Partners LLC’s holdings in Kura Sushi USA were worth $54,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Comerica Bank grew its position in Kura Sushi USA by 58.6% during the first quarter. Comerica Bank now owns 268 shares of the company’s stock valued at $31,000 after acquiring an additional 99 shares during the last quarter. Versor Investments LP bought a new position in shares of Kura Sushi USA during the 2nd quarter valued at $233,000. Moody National Bank Trust Division purchased a new position in Kura Sushi USA in the 2nd quarter worth $365,000. Virtu Financial LLC bought a new stake in Kura Sushi USA in the first quarter worth $370,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Kura Sushi USA by 7.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,278 shares of the company’s stock worth $378,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KRUS shares. Northcoast Research assumed coverage on Kura Sushi USA in a report on Tuesday, September 10th. They issued a “buy” rating and a $79.00 price objective on the stock. Barclays raised their price target on Kura Sushi USA from $70.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. Piper Sandler boosted their price objective on Kura Sushi USA from $63.00 to $98.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Craig Hallum raised their target price on shares of Kura Sushi USA from $85.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Kura Sushi USA has a consensus rating of “Moderate Buy” and a consensus target price of $84.88.

Kura Sushi USA Stock Performance

Shares of NASDAQ:KRUS opened at $106.92 on Friday. Kura Sushi USA, Inc. has a 52-week low of $48.66 and a 52-week high of $122.81. The firm has a market capitalization of $1.28 billion, a P/E ratio of -137.08 and a beta of 1.86. The stock has a 50 day moving average price of $90.96 and a 200-day moving average price of $78.99.

Kura Sushi USA Company Profile